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20121121
20121129
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KPIX (CBS) 25
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English 37
Search Results 0 to 36 of about 37 (some duplicates have been removed)
CBS
Nov 20, 2012 5:30pm PST
. an executive who's advising the president gives us a plan for fixing the economy when we come back. in stuffing and more, the secret is swanson. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought i'd miss our family tradition. now symbicort significantly improves my lung function, starting within 5 minutes. and that makes a difference in my breathing. today, we're ready for whatever swims our way. ask your doctor about symbicort. i got
CSPAN
Nov 21, 2012 12:00pm EST
think there's a very serious damage done to the economy and to the world economy and the approaches bush took running up to this and that obama is put on steroids. this is in the middle of many problems to continue to not be ended. and the was a very big problem. to be much more serious about spending and it was in that way before. >> how do you fix? >> the house republicans already passed the budget that would work and pass the extension of the tax cuts they would work and you go in and have these conversations in front of the american people without about how romney is mean to dogs and causes cancer and actually talking about issues. and i think that is a debate that we need to have. we haven't had it, certainly didn't have it in this last election and we can have it now. it's very helpful. i think at the end of the day we will make the right decision partially because the democrats are terrified of the damage that obama has to drive them over and they wouldn't actually do that as obama threatened to throw us off a cliff year ago in august and didn't. >> we weren't going to get the neg
KBCW
Nov 24, 2012 10:00pm PST
by the clothier barren who says the economy has been tough on small businesses. >> so anything we can do to help us out, bring attention to our cause, if you will, is that much better. >> reporter: the next big marketing day is cyber monday and adobe marketing says that day alone should bring in $2 billion. reporting live, don knapp, cbs 5. >>> hamas deployed more police to the gaza border with israel. the rare move by the group in control of the gaza strip followed intervention by egyptian mediators. they urged both sides to preserve the truce that ended eight days of fierce exchange of fire between israel and hamas. the extra police presence is intended to keep gaza residents away from the fence that is secured by israeli soldiers. >>> protestors are once again gathering tahrir square in cairo. people are angry about president mohammed morsi giving himself nearly absolute power. as cbs 5 reporter ines ferre tells us -- >> reporter: demonstrators ran from egyptian police who launched tear gas cannisters into the crowd. it's the second day of protests over president morsi's decree giving him swe
CBS
Nov 21, 2012 5:30pm PST
of failure. >> pelley: if we go over the fiscal cliff, as it's called, what happens to the economy? >> look, if we go over the fiscal cliff, it will be very bad, hugely negative for the stock market, which is a source of people's wealth. people will feel poorer. if we go over for a short period of time and adjust it, we can repair some of those things. but what you won't repair is people's attitudes towards the united states as a responsible debtor. and that's very important. if we show that we're so irresponsible that we can't manage our affairs, people have no recourse but to invest with us today but they're going to work awfully hard to find alternatives very quickly. >> pelley: lloyd blankfein is among the world's most influential bankers, but he rarely does interviews. goldman sachs is the most successful investment bank on wall street with earnings last year of $4.4 billion. washington playing with fire? >> yes. yes. washington is playing with fire, and you don't get-- it's not like a football game where you get the two-minute warning. they don't-- you know, they don't tell you when y
CBS
Nov 24, 2012 11:00pm PST
by this man, who says the economy has been tough on small businesses. >> so anything we can do to help bring attention to our cause is that much better. >> reporter: there's one more big marketing day. it's cyber monday. that's the day after tomorrow. and one firm is predicting that on that day alone, internet buying will total $2 billion. reporting live in walnut creek, don knapp, cbs 5. in egypt today, a prominent opposition leader accused president morsi of giving himself the powers of a pharaoh. they called the expansion of his powers an unprecedented attack on judicial independence. >> reporter: the protests continued today in egypt, though they were much smaller than yesterday. egyptians who believe that president mohammed morsi has made a brazen power grab clashed with authorities. but many supported president morsi's expanded role. the spokesperson says it's temporary and not democrat because mr. morsi won 52% of the vote in the presidential election. >> it's everywhere. democracy is, of course -- after the election, it's over. they would all have to wait for years for the one who i
CBS
Nov 27, 2012 5:30pm PST
productivity which creates higher potential for the future of the economy rather than just big homes. >> reporter: now, economists who favor lowering the cap on mortgage debt eligible for a deduction from a million dollars to $500,000 say it could help reduce the deficit and keep interest rates low and, scott, that could help the housing market all by itself. >> pelley: dean, thank you. just ahead, researchers have discovered a piece of world war ii history off the coast of florida. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include ch
CSPAN
Nov 21, 2012 8:00pm EST
, they spent a lot of time thinking about the future. so in the next four years who can i trust on the economy, on social issues and foreign policy. and we live in a country that is even pli divided politically and we have close elections. our victory in 2008 was a landslide. it was clear this election was going to be closer, fwiven the economy and divisions in the country. with that being said, we still won electoral college, maybe not a landslide but a clear majority. our popular vote is 3% which is a healthy margin. and i think the reason we won is people understood where we had been economically. all of you have lived through the recession. this is not something that is an academic theory. everyone painfully lived through the recession. we are beginning to recover from that. the economy has created jobs over 5 fnt 5 million jobs which our economy is far too week but the electorate said i'm beginning to feel some progress. does that mean i'm satisfied? of course not. but i'm beginning to feel some progress and i think people thought it was a risk to go back and try economic policies that le
CSPAN
Nov 25, 2012 1:00am EST
about the economy. >> when does this end? >> we have a plan. we are working on it. >> is getting worse. >> the people on top chose to look away. >> if the transactions are so useful, how come they brought down the financial system? >> my parents fight about money. >> i told my wife, this is not america. it is full of wonderful people. we will see if they can help us. >> it is tough on us. >> i will ask personal questions. do you smoke? curse? >> it is a question that has to be answered. >> you are very friendly. >> what is wrong with you? >> i do get it. >> you are simpletons. >> i ask you a simple question. >> did you think you would get away with that? >> that is an excellent question. >> you are you? >> how many times have you been indicted? >> do you have any friends? >> you have got it wrong. >> how does that make sense? >> what do you think is going on here. >> i am gay and jewish. >> what kind of republican are you? >> afghanistan. >> health care bill. >> the unemployment problem. >> we have got a lot more work to do. >> why is it taking so long? >> when we flew over this, i sai
KBCW
Nov 22, 2012 10:00pm PST
restrictions that have crippled their economy. it underscores the group's new deterrent power. saying i want to say to the palestinian people at the west bank and everywhere that the option of invading them on this victory is gone and they will never return. but the israeli army chief of staff issued a warning. >> gaza would stay quiet if nothing comes out of it. and gaza, they would be a quiet place. if the organization would reoperate from gaza, then the future is more than what it is. >> reporter: america is poised to help both sides. the obama administration says they will ask congress to increase funding for israel's defense system that helped intercept 80% of the rockets. and the american tax dollars provided assistance to the united organizations supporting the palestinians. both sides are trying to negotiate a more permanent agreement. israel, they want to end the weapon smuggling at gaza. hamas wants to end the border brigade. >>> troops in afghanistan treated on a feast. including turkey and pie where they even got a game of football before dinner. he told members of the armed serv
KBCW
Nov 23, 2012 10:00pm PST
the local economy and community. >> we love what's left of hardware stores. any kind of small store. you have to spend your dollars there. otherwise we will go away. >> shoppers say among the benefit of shopping at small and local businesses are that they often carry unique products and offer a better more personalized shopping experience. >> while thousands of people were outlooking for those bargains today one group of bay area women went to nordstrom. cbs 5 reporter chen shows us they weren't shopping for gifts. they were making them. >> in a a corner needles are clicking and women are chatting. meet the knitters they meet for cake conversation and community service. >> it's very good for the soul you know what i mean. >> the two dozen where i am mostly retired schoolteachers and principals. they can spin a yard or two their fingers do curious work fashioning a christmas gifts. they're donating 300 carves and hats. the program run by billy graham's son frankly hopes to give 9 million children shoe box gifts worldwide. >> this may be the only gift they get and it tells the true meaning
KBCW
Nov 26, 2012 10:00pm PST
force of the economy. 247 million (24) 700-0000 people went holiday shopping over the weekend and they spent more than $59 billion. that's an increase of 14% o over last year. and on cyber monday, on line sales were up 24% over last year. anthony mason tells us the web is becoming the -- america's marketplace. >> amazon.com's biggest shipping center in arizona is the size of 28 football fields. last cyber monday, the busiest day of the year, they processed 200s per second. the vice president says they expect business this year will be even better. >> we have hired and are kopting to hire 50,000 seasonal workers to meet customer demand. >> that's in addition to the 20,000 full-time employees. >> we need a new word for busy. >> across the country, online sales account for only about 10% of all holiday purchases. >> the share of sales happening online is still fairly e low, however, the internet influences now about 50% of what consumers buy. >> because shoppers look for sales and compare deals online before they buy. online sales jump more than 20% o on monday. . >> jill
CBS
Nov 24, 2012 6:00pm PST
helped drive and exploding app economy that has grown in value from search throw to $20 billion in just four years. the man responsible forgiving away what the government knows is the u.s. chief technology officer todd park. >> there is a mass civil growing array of new .. services, products, applications that can help americans take control of their own health and healthcare. >> you don't need a master's degree to use an app. >> to melissa ketterer this handheld information industry came clear on clear in the afternoon with her husband's life in the balance, she had an app for that. >> wyatt andrews, irving, texas. >> reid: it is a big day for anybody with a $2 power jackpot project. >> it has swelled $225 million. >> the chance of winning the big prize, one in $175 million. >> coming up on tonight's cbs evening news, virtual advertising, virtually everywhere you turn. in japan these days. us is us is discuss us is it >> reid: the music video gangnam style broke the record today with more than 800 million youtube viewing since its release in august, the song by the south korean singer
CBS
Nov 27, 2012 12:00pm PST
in additional debt relief. this is the latest effort to help greece stabilize its ailing economy. however, austerity measures are also part of the bailout package. >>> more than 100,000 people packed cairo's tahrir square chanting against egypt's president who they say wants to become a dictator. [ chanting ] >> police are fighting back demonstrators with tear gas. so far at least one person is dead and almost 400 injured as a result of the violence. >>> forensic teams in the west bank city of ramallah have exhumed the body of yasser arafat. a big blue tarp surrounded his grave as workers drilled through layers of concrete to reach the tomb. a murder investigation began last summer after a swiss lab found high levels of a deadly radioactive substance on arafat's clothing. now investigators have taken samples from his remains to determine if he was in fact poisoned. >>> heavy rains are flooding the uk. take a look. people were forced from their homes as streets turned into rivers in wales and england. crews rescued one elderly man and at least 500 homes have been affected and 70,000 more a
KBCW
Nov 25, 2012 8:30am PST
's not over ye, it's still a very tricky economy in ca (anchors react to pkg) huge powerball jackp . >>> now on to governor brown. what do you think we will see with him in the coming year. >> well, he solved the problem of whether or not to run for re- election, but if california becomes the number one state in the country on recovery side, first to solve the problem on the finance side. he has take an first step to do that. the next step will be can you keep local publics from going bankrupt. he will do that, as well. you will see a dramatic change in the employment category for california. when all that happens jerry will be able to go across the nation saying i didn't follow my need. >> nonif i should take off right now. the idea of him running for president yet again? what do you think? >> the country is open to lots of possibilities, i think, but a buddhist president, an 80-something-year-old buddhist president, i don't think we are ready for that. >> you don't see him doing that anymore. >> that is true, but -- . >> he is quoting the bible more. >> so, maybe he is running fo
CSPAN
Nov 22, 2012 1:00am EST
, but we have been around the south to understand -- th would be a great driver for our economy. we are over performing the rest of the world right now. if we can actually -- for the business community and the american people say we have our fiscal house in order for a 20 period and will still be able to invest in education and technology and rearch -- this will create the conditns for our growth to be stronger. this is going to get harry. these are big stakes -- the debt ceiling is concern to everyone. it is more amorphous for the average person -- this means if congress does not act, everybody in the country will pay more taxes. think about that -- $2,000 of the pockets of most americans, what that will do to consumption, confidence and small businesses -- this could not be more serious. i remain confident because t stakes are so high. we have a firm deadline. we wilmake some progress. i think what we need to do -- let's go for the big deal, let's go for something that we can say for a 10-20 year period, our country is on the way to sustainable fiscal path. the on the way it gets
CSPAN
Nov 24, 2012 7:00pm EST
come to a close. to many americans are out of work. our national debt exceeds the size of the economy and threatens to derail our children's future. as a mother, this is a constant worry. yet today we will honor the thanksgiving tradition with wishes of peace and grace. we will pray for those less fortunate. we will think of service members away from home and give thanks for them and their families. our hearts will go out to the families without power after hurricane sandy. we will look ahead to the holidays and a new year. that same spirit of optimism that brings us together today should inspire us all year round. that is why here, in washington, d.c., republicans have reached out to president obama in the hope of working together to help our economy grow and solve the debt that threatens our children's future. the clock is ticking. one month from now, unless congress and the president take action, the current tax rates will would expire and we will experience the largest tax increase in u.s. history. amid so much economic suffering, raising taxes would have a devastating impact on o
CSPAN
Nov 25, 2012 6:30pm EST
for the fiscal future but also for the fact that our economy needs to get going. beginning to take steps to fixing the fiscal problems, the people we expect to reinvest in our economy are doing a great job. >> we had a president asking us for a blank check and he did not get this. and a big increase on job creators. we got the -- we got that. and we have been trying to get discretionary spending caps in loss since i have been here for 13 years. we have been introducing legislation for the last eight years to get caps on spending. we could not get this the last time the republicans were in the majority. we see this as a good step in the right direction. every cent down payment in the deficit and a huge change in the culture of spending. you are spending less money on this this year than last year. we have a long ways to go. we really do believe that the value of this republican majority will change this culture. we had the gephardt rule. no one would have to be seen voting for the budget resolution. we would do this in plain sight. >> the debate was long and it was not easy. and they have
CBS
Nov 24, 2012 5:00am PST
and courtroom confidence numbers are looking pretty good. how critical is this moment in time to our economy? >> overall black friday weekend can account for up 120% of holiday season sales. consumers are always pro procrastinateor procrastinators. >> is this a big time >> it's important for retailers. >> we're building up to the fiscal cliff. how will that affect how retailers treat this holiday season? >> they are manage very carefully. if one thing came out of the recession they know how to manage. for holiday 2012 retailers bought less inventory. yes, there are discounts and they planned carefully for them but you may not have what you want if you wait too long. >> are retailers worried shoppers may spend less because they hear talk about the fiscal cliff and taxes going sfup >> that's allocated to the high end or lower income. when retailers look for they manage those high end income inventories and it's january or february. if there's discussions about it that's definitely a concern for christmas. >> we heard about the protests on walmart. they said it was bene
CBS
Nov 28, 2012 7:00am PST
or the economy. > a tough white house ally, nglinois senator dick durbin argued against using fiscal cliff pressures to scale back paidare and medicaid benefits. >> these are people that have paid in over a lifetime into protectecurity and medicare and fully expect the protection bech they've invested in to be that'snd it has to be there. republicans anyblicans are demanding in any fiscal cliff deal. o raisew never to raise taxes on the w o entitlement programs now gobbling up more than 60% of annual federal spending. that means the white house to dough if i liberal democrats or >> the p enrage republicans. ted to thesident is very committed to the proposition itht we can deal with these challenges if we come together oach.dopt a balanced approach. >> i may sound glib what i'm about to say but this white house is really serious about an issuewhen it goes to twitter. anew white house hash tag on preserving the middle class tax preserving. that's $2,000, average amount that taxes would rise if the bush era texas cuts are not ttended. eek white house plans to hammer its issue all week, believ
CBS
Nov 22, 2012 4:30am PST
says it will end air strikes and will ease border restrictions that have stifled gaza's economy for years. israeli troops that had been poised for a possible ground war pulled back this morning. in tel aviv, most israelis were also happy to hear the news. >> i would like to believe that not fighting will always do more good than fighting. but i'm very happy to hear that. >> reporter: egypt's new islamist government was the driving force behind the negotiations to end the conflict with diplomatic help from secretary of state hillary clinton. clinton spent two days shuttling between jerusalem, the west bank and cairo. >> people of this region deserve the chance to live free from fear and violence and today's agreement is a step in the right direction. >> reporter: clinton expects egypt to play a key role in maintaining peace. susan mcginnis, cbs news, washington. >>> the woman of who has taken a lot of heat in the aftermath of the benghazi attack is now defending herself. yeah. for weeks, u.n. ambassador susan rice has been attacked by senator john mccain for participating in what
CBS
Nov 23, 2012 5:30pm PST
seth doane on what that could mean for the economy. >> we're going to need a bigger car! the beatles' first audition. ♪ i saw a girl in my dreams -- >> and the executive who said they had no future in music. and scott pelley with the man who mobilized an army more than a million strong. children helping children. >> kids are looking to get involved. they're searching for it. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> good evening, scott's off tonight, i'm anthony mason. two days ago mohamed morsi won widespread praise for brokering a cease-fire between israel and hamas. today thousands of egyptians protested at morsi granted himself broad new powers, putting his decisions above any court. morsi called the move temporary but at least 100 people were injured as protesters clashed with police in cities across egypt, including alexandria and the capital. holly williams begins our coverage tonight in cairo. >> reporter: thousands of egyptians poured on to the streets, furious with the country's first democratically elected president. th
CBS
Nov 24, 2012 5:30pm PST
about $500. >> any more on you? >> probably. >> reporter: from what i've seen the economy is picking up but most small business owners i talked to wish that small business saturday could be every day. reporting from burling game, patrick sedillo, cbs 5 early edition. >>> president obama and his daughters celebrated small business saturday by shopping at the independent bookstore. mr. obama, sasha and malia did christmas shopping in arlington, virginia. the president apparently looked up a title on the checkout counter and bought 15 children's books that will given to family members. >>> one man's convenience is another man's annoyance. people in one town were upset with a neighborhood 7/11 being opened at all hours so they took them to court. and won. but cbs 5 reporter christin ayers explains the fight isn't over yet. >> reporter: it started two and a half years ago. this fairfax convenience store that was supposed to be open from -- well, 7:00 to 11:00 open 24/7. >> come out on your front porch and you see them. >> reporter: you might have guessed the couple who lives next door wasn't
CBS
Nov 24, 2012 6:30pm PST
the economy has been tough on small businesses. >> so anything we can do to help us out bring attention to our cause, if you will, is that much better. >> reporter: now, horrible small businesses do enjoy -- of course small businesses do enjoy the black friday overflow but a third of them say their biggest day of the year is small business saturday. reporting live in walnut creek, don knapp, cbs 5. >>> still no word on what caused last night's gas explosion in massachusetts. the blast leveled two buildings including a strip club. more than 40 other buildings housing residential units were damaged and three of the buildings are now condemned. 18 people were injured and mostly emergency workers. authorities say no one was killed because the area had already been evacuated after reports of a gas leak. >>> three maintenance workers were seriously hurt at a fire at the state department head quarters in washington, d.c.. it break out this morning in the duct work on the seventh floor. workers were able to put out the flames before firefighters got there. the building was evacuated and then reopened.
CBS
Nov 25, 2012 6:00pm PST
a trillion dollars a year. i think the economy is sort of waiting, this deficit is like a dark cloud over everything. >> reporter: king worries, though, that nothing will get done if the senate doesn't change its ways. he wants to change the rules on filibusters which allow a minority of senators to bring the senate floor to a halt. >> that was the central core of my campaign, that we have to be thinking with about and working on making the institution work, reaching decisions, compromising. >> reporter: you're going have to be a pretty strong suspension bridge if are you going to be a bridge between those two parties. >> i like the image of a bridge. >> reporter: a bridge he hopes will bring the senates two warring sides together. chip reid, brunswick, maine. >> glor: it is one of the country's most notorious criminal conviction. a new film examines the nightmare of the central park five next. ermacare works differ. it's the only wrap with patented heat cells that penetrate deep to relax, soothe, and unlock tight muscles. for up to 16 hours of relief, try thermacare. heartburn symptoms c
CBS
Nov 26, 2012 4:00am PST
on the global economy. this morning, asian markets were mostly up on the news of record retail numbers. and wall street investors like the sight of packed stores during an abbreviated session on black friday. the dow added 172 points to once again move past the 13,000 mark. the question now is whether the shopping surge continues online today. an estimated 129 million shoppers are expected to hunt for deals on the web. retail analysts expect this cyber monday to be the biggest online shopping day of the year. the firm comscore predicts americans will spend $1.5 billion online today, an increase of 20% over last year. >> some people like the social aspect of being in the store with others, some people like to shop in bunny slippers. for some it's the anonymity and convenience of doing it 24 hours a day from their own living room. >> reporter: smartphone shopping is on the rise as well. this year an estimated 25% of shoppers are using mobile devices to find the best deal. that's nearly twice as many as last year. and the trend will likely keep going up. if you're going to be shopping online this y
CBS
Nov 28, 2012 4:00am PST
for the future of the economy than just big homes. >> reporter: economists who favor lowering the mortgage interest deduction cap from a million dollars to $500,000 say it will help cut the deficit, keep interest rates low, and that could help the housing market all by itself. dean reynolds, cbs news, chicago. >> u.n. ambassador susan rice returns to capitol hill today her meeting with lawmakers yesterday to discuss her explanation of the attack on the u.s. consulate in libya didn't go over very well. she met with three republican senators strongly opposed to her possible nomination to be secretary of state. they were not satisfied with her explanation. >> all i can tell you is that the concerns that i have are greater today than they were before and we're not even close to getting the basic answer. >> following the benghazi attack rice said the assault grew out of a protest and not a terrorist attack. yesterday she said that was incorrect. that there was no protest or demonstration in benghazi. >>> overseas now in egypt the largest crowd yet have turned out to demonstrate against presiden
CBS
Nov 26, 2012 7:00am PST
these decisions, and in january, we'll see an economy that will take off. we can focus on the greatness of this country january 1st if we'll go ahead and do the work that we all know we have plenty of time to get done this year. >> senator corker norah o'donnell. >> let's talk about the specifics of your plan. everybody acknowledges you need about $4 trillion in deficit reductions. you don't want to raise taxes, additional revenue by simply capping deductions at $50,000. >> right. >> independent analysis by the tax policy center says that only gets you about $760 billion. it's not enough money. how do you get more revenue? >> well the package that i've laid out has over $1 trillion in revenues that has the 750 you just alluded to but we also do chained cpi, and in that you not only reduce the rate which benefits growth but moves people into brackets more quickly. also social security was set up to capture 90% of the wages in our country. now it's at 84%. move that up gradually through 2050, it generates a lot more revenue. there's over $1 trillion in this package,
CBS
Nov 20, 2012 6:00pm PST
states. the rates rose in 7 states last month, 6 were unchanged. >>> with the economy inching closer to the "fiscal cliff," it might seem like a bad time for business to bet the farm. but that is exactly what some bay area businesses are doing. cbs 5 reporter mike sugerman shows us they are hoping today's risk will be tomorrow's reward. >> reporter: the company is called jive. these days business is anything but. >> we hired over 100 people throughout the course of 2012. we have opened a new office in san francisco. >> reporter: tony zingale runs the company a social software for the workplace and it's booming not falling off a "fiscal cliff" not concerned with dark clouds over europe. it sees itself on the leading edge of recovery. >> economic downturns always have an up turn at some point and the great companies are the ones that are prepared for that. >> certainly good times in san francisco or they are coming back strong. >> reporter: at the chamber of commerce they point to a lowering unemployment rate and more jobs led by tech, healthcare and tourism. where will they all sleep
CBS
Nov 26, 2012 5:00am PST
morning to you. shopping habits have a ripple effect on the global economy. asian markets were up on the news to record retail numbers. hong kong was unchanged. wall street investors like the packed stores. the dow added 172 points to once again move past the 13,000 mark where the nasdaq finished up 40 points. the holiday shopping season got started in record fashion thanksgiving night and the spending spree lasted through the weekend. a record 247 million shoppers visited stores or web sites over the four day weekend. this is an increase of more than 9% and they spent more than ever before, an estimated $59.1 billion. and retail analysts expect this cyber monday to be the biggest online shopping day of the year. they predict americans will spend one and a half billion dollars online today. that is an includes of 20% over -- increase of 20% over last year. >> did you get a lot of shopping done. >> i did a lot of shopping on friday. i wasn't planning on it. >> she has a new outfit. >> oh, shopping for yourself, are you. >> of course she is. >> i was at cost co, and i noticed that a
CBS
Nov 26, 2012 6:00pm PST
'll be dependent less on the state economy to be able to sustain ourselves. >> reporter: the campus has plenty of room to grow. and a bond measure was just passed that could build new facilities. but the president of the faculty is skeptical the money would cover all expenses and worries that the higher paying foreign students would be at the front of the line when the u.c. begins to select transfer students. all of this has the locals on campus feeling a bit unappreciated. >> life is not, fair. life is not fair. but it kind of seems like they are chasing the dollar rather than the education. >> reporter: but these days dollars and education cannot be separated. it is an economics lesson everyone is learning, even those who can't get into the class. in fairfield, john ramos, cbs 5. >>> still ahead, how the lure of black friday deals in the bay area led to the arrest of an accused killer. >>> it is all fun and games until someone gets hurt. >> why the number of injuries from bounce houses have taken such a big jump. ,,,,,,,,,,,,,, 18-year-old jacob haro was >>> morgan hill police hit wal- mart
CBS
Nov 21, 2012 5:00am PST
unchange. >> more uncertainty over the unstable greek economy this morning. european union officials failed to reach a deal on giving greece more aid. financial leaders had differences over how long greece should be given to reduce its debt. they need to agree before greece can receive its next bailout loan. >>> it looks like hostess' twinkie is cooked. the snack maker failed to reach an agreement with the bakers union in a private mediation session yesterday. on monday a bankruptcy judge asked the two sides to meet before hostess continued its liquidation process. it was a last-ditch effort to save the struggling company and more than 18,000 jobs. with no agreement in place, the judge will decide today if the maker of ho ho's, dingdongs and wonder bread can shut down its operation. other companies are reportedly interested in buying some of hostess' more popular brands. >>> and guys, i had a great surprise yesterday. i found in the back of my cup barred some hostess coming up cakes! >> you're an addict, aren't you? >> i am. [ laughter ] yes. i hid them, too. just so now. [ laughter ] >> i
CBS
Nov 22, 2012 5:00am PST
's economy for years. israeli troops that had been poised for a possible ground war pulled back this morning. in tel aviv, most israelis were also happy to hear the news. >> i would like to believe that not fighting will always do more good than fighting. but i'm very happy to hear that. >> reporter: egypt's new islamist government was the driving force behind the negotiations to end the conflict with diplomatic help from secretary of state hillary clinton. clinton spent two days shuttling between jerusalem, the west bank and cairo. >> people of this region deserve the chance to live free from fear and violence and today's agreement is a step in the right direction. >> reporter: clinton expects egypt to play a key role in maintaining peace. susan mcginnis, cbs news, washington. >>> police are investigating a gun battle this shut down lanes of i-580 in oakland for hours. two cars were found riddled with bullets near the seminary exit last night. there was no one in either car and police haven't found anyone who may have been hurt. the freeway was closed for two hours for the police investigat
CBS
Nov 22, 2012 6:00pm PST
and will ease border restrictions that have crippled gaza's economy for years. egypt will work to enforce the cease-fire that it played a major role brokering. the egyptian president's help may prompt congress to release $450 million in emergency cash for the country that it froze back in september. the obama administration is also going to ask congress to increase funding for israel's iron dome defense system that intercepted more than 80% of hamas rockets headed toward crowded cities. u.s. tax dollars also help the palestinians. >> we are a leading provider of assistance to the u.n. organizations that support the palestinians. >> reporter: the clean-up is just beginning in the gaza strip. a hamas spokesman says it is impossible to count the number of buildings destroyed. tara mergener for cbs news, washington. >>> at least two people have died in this nasty crash in texas. another 100 people had to be sent to the hospital. sheriff's deputies say 140 cars and trucks collided in the fog on interstate 10 this morning. the crash includes 7 tractor- trailers some of them carrying hazardous m
CBS
Nov 23, 2012 6:00pm PST
and they in turn support the local economy and communities. >> if you love bookstores, if you love what's left of hardware stores, any kind of small store, you have to spend your dollars there. otherwise, we will go away. >> reporter: sure, american express will give their cardholders $25 for shopping at small businesses on saturday. and some stores will offer discounts and giveaways. but they say the biggest incentives for shoppers are unique gives you wouldn't find elsewhere and a better shopping experience. >> we have i think unparalleled service. we know what we're talking about. we know how to fit people into clothes and make them look good and make them feel good about themselves. >> more of a joyous move mood than a frenzy. >> reporter: shoppers come here to avoid chaos that they see in big box stores and believe these smaller stores offer higher quality products. >> small businesses there's more original gifts so it's easier to buy unique things for folks. ♪ [ music ] >> reporter: and here's something you wouldn't find at the mall. a local band rocking out on a mini convertible. ♪
CSPAN
Nov 23, 2012 2:00pm EST
with the bad for the economy and would be a source of social conflict. so we created a vast policy innovation called the g.i. bill. i think we need something that is an encore bill to help tens of millions who are crossing different terrain. it's not geographic. it's not from military service disability and life but it's really a stage in life that has no name, that has few pathways and institutions, but in the same way that we are deeply invested in those soldiers finding their footing. the same is true of all these millions and millions of people today who are in this period that is between life resembling retirement and old age. i would like to see us do it in a way that promotes social mobility. this wonderful example, the troops and teachers program which helps, to go back to the g.i. bill analogy, would help mostly sergeants coming back from the gulf war, moving the ball for school teaching. it was created by an 86-year-old retired history professor at washington university who watched a youth account of soldiers coming back from the first iraq war who were having trouble getting their
CBS
Nov 22, 2012 7:00am PST
the failure to reach a fiscal cliff compromise this year would risk the entire economy. the good news, they say, is that congress and the president seem to agree on that. for cbs this morning, wyatt andrews, washington. >> that's an interesting piece. because everybody i know in washington involved in this thing looks at simpson/bowles as the model they should work off of. >> it's interesting to go back where we started two years ago. grab your shorts. >> they've got more support at the time. looking at different circumstance today. there's something that's not on the chopping block in washington. president obama pardoned cobbler and his alternative gobbler in an annual white house tradition. the president said yesterday that life's all about second chances. americans have been giving holiday turkeys to the white house since the 1800s. president eisenhower and president lyndon johnson ate the turkeys they were given. >> what are their names? >> cobbler and gobbler. >> cobbler and gobbler. okay. >>> hundreds of families in the chicago are getting turkey this thanksgiv
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